In a clime where conspiracy theories have since become staple, the Buhari administration has certainly added some fuel to the fire with the newly signed amendment to the Company and Allied Matters Act (CAMA 2020)
In a clime where conspiracy theories have since become staple, the Buhari administration has certainly added some fuel to the fire with the newly signed amendment to the Company and Allied Matters Act . Like most things Nigerian, it would not be entirely surprising to find that a good number of those that have gone to town in strident opposition have not seen a copy of the new law beyond the snippets served in the news let alone perusing it.
If my memory serves me right, the last time the nation was dragged to this level was in 2016 when the Financial Reporting Council of Nigeria sought to extend its code of corporate governance to religious entities.
I understand that the legalistic minded amongst us have drawn attention to aspects of CAMA 2020 they consider unacceptable. And this is not so much because they consider the essence as superfluous but for some perceived inadequacies in legal phraseology, .
The point of course needs to be made: CAMA is not so much about NGOs or even the church as it is about easing the process of doing business in the country. Section 839 –which now constitutes the casus belli, though important, merely seeks to instil some order and discipline into how the NGOs conduct their businesses.
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